REG-Ringkjøbing Landbobank’s quarterly report for the first quarter of 2025

Ringkjoebing Landbobank A/SAnnouncement

30/04/2025 06:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250430:nGNE4xFYJ2&default-theme=true


Nasdaq Copenhagen
London Stock Exchange
Euronext Dublin
Other stakeholders

30 April 2025



Ringkjøbing Landbobank’s quarterly report for the first quarter of 2025

The bank’s board of directors and general management today approved the
quarterly report for the first quarter of 2025.

The bank delivers core earnings of DKK 812 million and net profit of DKK 616
million in the first quarter of the year. The net profit is equivalent to a
22% p.a. return on equity.



Core earnings

 (DKK million)                                      Q1 2025  Q1 2024  2024   2023   2022   2021   
 Total core income                                  1,056    1,040    4,068  3,828  2,862  2,433  
 Total expenses and depreciation                    259      247      1,044  963    891    817    
 Core earnings before impairment charges for loans  797      793      3,024  2,865  1,971  1,616  
 Impairment charges for loans etc.                  +24      0        +3     -1     -2     -68    
 Core earnings                                      821      793      3,027  2,864  1,969  1,548  
 Result for the portfolio etc.                      -6       +23      +62    -7     -69    +7     
 Amortisation and write-downs on intangible assets  5        5        20     20     20     17     
 Tax                                                194      195      768    682    385    309    
 Net profit                                         616      616      2,301  2,155  1,495  1,229  



Highlights of the first quarter of 2025
* The net profit of DKK 616 million is unchanged compared to last year and
equivalent to a 22% p.a. return on equity
* Earnings per share (net profit) increase by 5% to DKK 24.5 in the quarter
* Core income increases by 2% to DKK 1,056 million
* Costs increase by 5%, and the cost/income ratio is 24.5%
* Continued strong credit quality means that impairment charges of DKK 24
million were carried to income in the quarter
* Highly satisfactory increase in customer numbers and growth of 10% in loans
and 8% in deposits
* The Ringkjøbing Landbobank brand remains in first place in the annual
Voxmeter image survey
* Decision to launch a new share buyback programme for DKK 1 billion
* The expectations for net profit for 2025 are maintained unchanged in the
range DKK 1.8 - 2.2 billion


Yours sincerely

Ringkjøbing Landbobank

John Fisker
CEO

Attachments
*     RILBA-2025-03-31-en
(https://ml-eu.globenewswire.com/Resource/Download/8c4837bc-41e7-4c3f-8577-d33b4d01a2a0)
  
*     RILBA-2025-03-31-en
(https://ml-eu.globenewswire.com/Resource/Download/0c20e7a1-2c80-40ad-b983-ab62969ac5fb)
  
*     Forklæde - Q1 2024 EN
(https://ml-eu.globenewswire.com/Resource/Download/c8478ae5-653f-4cbd-9765-e27e8a2bc477)